Sally Beauty Holdings, Inc. (NYSE:SBH) gapped down before the market opened on Thursday . The stock had previously closed at $20.71, but opened at $19.52. Sally Beauty shares last traded at $19.01, with a volume of 2,049,642 shares changing hands.

SBH has been the topic of several analyst reports. DA Davidson cut Sally Beauty from a “neutral” rating to an “underperform” rating and upped their price target for the company from $12.50 to $15.00 in a research report on Thursday. ValuEngine cut Sally Beauty from a “sell” rating to a “strong sell” rating in a research report on Friday, November 8th. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Sally Beauty has a consensus rating of “Hold” and a consensus price target of $15.83.

The company has a 50-day moving average price of $16.20 and a two-hundred day moving average price of $14.57. The stock has a market capitalization of $2.41 billion, a P/E ratio of 8.41, a PEG ratio of 2.30 and a beta of 0.46.

Sally Beauty (NYSE:SBH) last announced its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. Sally Beauty had a negative return on equity of 189.31% and a net margin of 7.01%. The firm had revenue of $965.94 million for the quarter, compared to analysts’ expectations of $955.06 million. During the same period in the prior year, the business posted $0.51 earnings per share. The company’s revenue was up .0% on a year-over-year basis. On average, analysts predict that Sally Beauty Holdings, Inc. will post 2.31 earnings per share for the current year.

In related news, Director Marshall E. Eisenberg acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were bought at an average cost of $11.89 per share, for a total transaction of $118,900.00. Following the completion of the transaction, the director now owns 72,071 shares in the company, valued at $856,924.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John A. Miller acquired 40,500 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was bought at an average price of $12.21 per share, for a total transaction of $494,505.00. Following the completion of the transaction, the director now owns 51,873 shares of the company’s stock, valued at approximately $633,369.33. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 51,500 shares of company stock worth $625,675. Company insiders own 1.04% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. CWM LLC increased its position in shares of Sally Beauty by 1,273.4% in the third quarter. CWM LLC now owns 1,703 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 1,579 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Sally Beauty by 42.3% in the second quarter. Advisory Services Network LLC now owns 2,396 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 712 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Sally Beauty in the third quarter worth approximately $36,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Sally Beauty by 17.9% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,176 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 634 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sally Beauty by 23.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,686 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 1,464 shares during the last quarter.

Sally Beauty Company Profile (NYSE:SBH)

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care, skin and nail care, styling tools, and other beauty products for retail customers and salon professionals.

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